You might have heard of car hire excess, but not everyone knows what it is. Insurance4carhire and other insurance companies can protect you from this car hire excess, but it might seem unnecessary if you don’t know what it is. So what is this car hire excess? What does car hire excess entail? When do you have to pay this excess? How does a car hire excess insurance protect you from having to pay this so-called car hire excess? Do you really need this kind of insurance, or can you easily do without when you’re hiring a car? And, in that case, what are the risks you take when you choose not to take out a car hire excess insurance? We would like to provide you with a little more information on this subject. Afterwards, you can decide for yourself if you think that car hire excess insurance might be vital or unnecessary when you hire a car in or outside of the UK.
What is Car Hire Excess?
Car hire excess is the money you have to pay when you get into an accident while driving your rented vehicle. If you have a car rental insurance company, they will pay the majority of the costs when your car breaks down or you or another driver makes a mistake that results in an accident and car damage on one or both sides. But there is still quite a bit of money that you’ll have to pay yourself before the insurance company steps in. That part of the agreement is what we call car hire excess.
How Can Car Hire Excess Insurance Help
Car rental excess insurance can help you by covering the costs that you have to pay before your rental car insurance company decides to step in. They offer to pay these costs for you. Of course, you’ll have to pay a premium. That’s the case with any insurance company. But at least you won’t have to worry about that nasty rental car excess that you need to pay even if your rental car insurance company covers everything else.
When Do You Take Out Car Rental Excess Insurance?
You take out car rental excess insurance when you are renting a car or other vehicle. A normal insurance policy is in most cases mandatory, but you can add a car rental excess insurance if you want to make sure that you won’t have to pay a dime when you get into an accident by your own fault or someone else’s mistake. That way, you avoid having to pay car rental excess. After all, it’s your holiday and dealing with a broken down car is taking up enough of your time and worries as it is. You don’t want to add financial problems to the list of things you need to concern yourself with.
Is Car Rental Excess Insurance Necessary?
Car rental insurance is mandatory, but car rental access insurance isn’t. And only you can decide if you want to take the chance or rather play safe. That’s entirely up to you, but if you want to stay out of financial problems, the insurance is advised.